Economic and Investment Trend Analysis - Socio Economics 
Global Equity Markets – Foreign Exchange - Precious Metals- Bonds- Energy and Agricultural Commodities                


FuturesCom Investment Publications
Morning Comments, Friday May 17th  2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Thursday May 16th, 2002
7:00 PM Eastern Standard Time

                                                      On The Frenzied Forex Front   
June Yen
Recommended Open BW Position Long at 7851
Support should appear near   7777 to 7763  which should contain a decline for a bit..
Under that .BW  Traders can buy at 7727 and risk a close under 7673 for three days in a row.. 


Resistance should appear near 7836 to7864.  beyond that a test of 7901 and eventually the 7939 to 7954 region is likely.. 

June Euro Currency (EC)
Support should appear at 9060 to 9040 and the 8964 to 8934 region. 
Resistance is at the 9140 to 9156 ..an extended trade or a close over is friendly and augurs for a test of  9236 and the 9316 to 9347 region.


June Swiss Franc
Resistance should appear near 6304 and the  6337 to 6350 region.. Beyond that  sellers should appear near 6482 to 6509..

Support
should appear near the 6256 and 6228.. 


June  British Pound
Recommended Open BW Position Long at 1.4590
Support should appear near  1.4530 and 1.4472 

Resistance
is at  1.4590, a close over is friendly and augurs for an eventual  test  of the 1.4840 to 1.4960  region. ..

June Canadian Dollar
S
upport should appear at 6417 and 6384.
Resistance is at 6430.  A close over is friendly and augurs for a test of 6483 to 6509 

June Aussie Dollar
Support is at 5461 and the 5430 to 5417 region.   
Resistance is at  5492 to 5504 

          
          The Sensational Stock and Bond Markets
 

Dow Jones Industrial Average

Resistance should appear near 10,320 to 10,360 and 10,415
Support should appear near 10,257 then 10,183.5 and 10,136 to 10,104. 

Trade accordingly .

June SP500  
Recommended Open BW Position Short at 1096.00
Resistance is at 1108.20 and 1115.50. 
Support should appear near 1101 to 1098.5 and 1096   
Stay Tuned for Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance
is at 1738 and 1754.   
Support should appear near 1713.5 and 1696 to 1689

June Mini Nasdaq 100
Nearby Resistance
is at 1334 to 1346  beyond that sellers should appear near 1361.5 and 1377 to 1383

Support
is at 1321.5 and 1310 to 1304 a slip under is negative and augurs for a test of 1289 and the 1274 to 1268 region. 

June 10 Year  T-Note
Resistance should appear near  105-17 and 105-23 
Support is at 105-04 then 104-23 and 104 -11 to 104.07 

                                                        
                                                                        
Precious Metals

June Gold
Recommended Open BW Position Long at 307.1
Support should appear at  306.8 under that 304.5. to 303.6 should hold.

Resistance
is at  310.2 and 312.8 .

July Copper
Support should appear near  7345 to 7325  and 7255 to 7240
Resistance should appear near 77415 to 7430 and 7480 to  7505   Beyond  that resistance is at 7590 to 7605

July Silver
Recommended Open BW Position
Long at 467.0
Support should appear near 463.5 and 458.5 to 457 then 451.5 to 450.5.  BW traders can buy at 454.5 and hold for higher prices..

Resistance
is at  465.5 and 469.5  to 471.5 

Stay tuned for Updates


                    
  
           The Exciting Energies

July Crude Oil
Support should appear near 2672 to 2663  and  should contain a decline 
Resistance is at the 2716 to 2724 and the 2758 to 2774 region. 

June
Unleaded Gas
Support should appear near7955 to 7940 then 7865 to 7835 and 7775 to 7760.. 
Resistance is at 8035 to 8045
and 8115 to 8135. 

June Heating Oil 
Resistance is at  6905 to 6920 , beyond that 6990 to 7005 should bring out sellers.. .
Support should appear near 6755 to 6740 and 6670 to 6655 

                                         The Lively Livestock

June Live Cattle
Support should
appear at 6272 to 6257 and the 6192 to 6162 region.
Resistance
is at the 6337 to 6352 and the 6417 to 6432 region.

June Hogs 
Support is at 5257 and 5212 to 5197  
Resistance
is at 5342 to 5357 and 5417 to 5432.  

July Pork Bellies
Support should appear at  6482 then 6432 to 6417 and the 6357 to 6337 region. 

Resistance
is at 6577 to 6592 and the 6657 to 6672 region..  

    -Stay tuned for Livestock and Belly Updates and Flashes-

                                                  The Grande’ Grains

July Soybeans 
Recommended open BW position, long at 472 
Resistance is at  485 1/2  and the 491 1/2 to 492 3/4 region. 
Support should appear at 484 1/2 then 478 3/4 to 477 1/2 and  471 3/43 to 469 1/2

July Soybean Meal
Support should appear 164.2 then 162.7 and 161.5 to 160.9 
Resistance is at  165.5 .. a close over is friendly and augurs for a test of  168.9 to 169.6 

July
Soybean Oil 
Support is near 1676 and the 1655 to 1642 region. 
Resistance should appear near 1696 and 1731 to 1738. 


BW Traders should go long if a close over 1696 occurs.. 

July Corn
Support should appear near 212 3/4 and 208 to 208 3/4
Resistance 
is at 217 to 218 1/2

July Wheat
Support should appear at 275 3/4 and 272n 1/2 to 271 3/4

Resistance is at  277 3/4 and 282 to 282 3/4  

                                                 The Satisfying Softs
July Cocoa 
Resistance is at the 1609 to 1615 and 1642 to 1655
Support
should appear near 1576 to 1569 and 1535 to 1529

July
Coffee
Support is near 5065 to 5035 and 4995 to 4975 then 4930 to 4915

Resistance
should appear near 5125 to 5140 and 5200 to 5215   

July Sugar
Support
should appear near 586 to 582 then 573 and 562 to 559   
Resistance should appear near 601 to 609 

Trade Accordingly

July Cotton


Support
should appear near 3505 to 3490 and 3445 to 3425    

Resistance
is at 3555 to 3565 and 3610 to 3625.. 

Trade Accordingly  and stay tuned for updates..


A Ship in Harbor is Safe.. But that is not what ships are built for --

Happy Trading !
Bill  
bill@futurescom.com
1--561-433-2995

Thursday May 16th, 2002
8:15 PM South Florida Beach Time


THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.

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